The AICPA revised the Statements on Standards for Tax Services, which provide the framework for the AICPA ethical guidance for tax practitioners. This program will review the new standards that apply to all members who provide tax services, effective January 1, 2024. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Implement practical strategies based on a thorough understanding of the complex rules for casualty losses and casualty gains
- Identify and recall key compliance issues
- Identify and recall significant issues in the casualty loss tax form
Major Topics
The major topics that will be covered in this course include:
- Federal Disaster Relief Act provisions enacted in December, 2024
- Comparison of personal use casualties with business/investment casualties
- When to claim casualty losses
- How to postpone casualty gains
- Business casualty gains and depreciation recapture